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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 16, 1998
NETWORK SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22967 52-1146119
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification Number)
505 Huntmar Park Drive, Herndon, Virginia 20170
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 742-0400
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ITEM 5. OTHER EVENTS.
On November 16, 1998, Network Solutions, Inc., a Delaware corporation
(the "Company"), announced the resignation of Gabriel A. Battista from his
positions as Chief Executive Officer and Director of the Company. While the
Company conducts a search for a new Chief Executive Officer, Michael A. Daniels,
Chairman of the Board, will assume the executive responsibilities previously
performed by Mr. Battista. In addition, Robert J. Korzeniewski, Chief Financial
Officer, will also be acting as the Company's Chief Operating Officer, assuming
responsibility for day-to-day operations.
A copy of the Company's press release, dated November 16, 1998,
announcing Mr. Battista's resignation is attached hereto as Exhibit 99.1 and
incorporated by reference herein.
This report and the Company's press release attached hereto contain
forward-looking statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated or implied by such
forward-looking statements. The potential risks and uncertainties include, among
others, uncertainty of Internet governance and regulation, increased competition
in the domain name registration business, customer acceptance of new products
and services offered by the Company in addition to or as enhancements of its
registration services and the Company's ability to attract and retain qualified
personnel. More information about potential factors that could affect the
Company's business and financial results is included in the Company's annual
report on Form 10-K for the year ended December 31, 1997, and the Company's
quarterly reports on Form 10-Q for the periods ended March 31, 1998, June 30,
1998 and September 30, 1998, which are on file with the Securities and Exchange
Commission (http://www.sec.gov).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit Description
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99.1 Text of Press Release dated November 16, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NETWORK SOLUTIONS, INC.
Date: November __, 1998 By: /s/
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Robert J. Korzeniewski
Chief Financial Officer, Acting Chief
Operating Officer and Authorized
Signatory
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NETWORK SOLUTIONS, INC.
INDEX TO EXHIBITS
Exhibit Description
- ------- -----------
99.1 Text of Press Release dated November 16, 1998.
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